Hey guys and gals, long time no post.
Life got in the way of the project again and I'm probably going to be pounding rivets in about 6 months or so again. At any rate Its time to get life insurance since I've got a little one on the way and I'm trying to figure out exactly what I need. I did a search and I couldn't find anything that seemed to relate to this.
I'm being told that I either need to fly 50+ hours a year or take an aviation exclusion on my policy. Unfortunately I do not fly right now so we are talking about a couple thousand a year instead of ~500 a year for the policy. (I intend to start flying again after I get my finish kit, I've come to terms with this being a 15+ year build...)
I've been thinking about it and wondering that maybe the aircraft insurance would cover it after I start flying. I was told that I could do a 10 year term and then renegotiate at the end of it to include aviation if my hours were up to snuff. My thoughts on that are that in 10 years I could possibly end of being SOL for life insurance after that if something bad happens.
Any thoughts on this? I know there are a couple insurance guys lurking around here. I'd appreciate any thoughts.
Thanks
Jeff
Life got in the way of the project again and I'm probably going to be pounding rivets in about 6 months or so again. At any rate Its time to get life insurance since I've got a little one on the way and I'm trying to figure out exactly what I need. I did a search and I couldn't find anything that seemed to relate to this.
I'm being told that I either need to fly 50+ hours a year or take an aviation exclusion on my policy. Unfortunately I do not fly right now so we are talking about a couple thousand a year instead of ~500 a year for the policy. (I intend to start flying again after I get my finish kit, I've come to terms with this being a 15+ year build...)
I've been thinking about it and wondering that maybe the aircraft insurance would cover it after I start flying. I was told that I could do a 10 year term and then renegotiate at the end of it to include aviation if my hours were up to snuff. My thoughts on that are that in 10 years I could possibly end of being SOL for life insurance after that if something bad happens.
Any thoughts on this? I know there are a couple insurance guys lurking around here. I'd appreciate any thoughts.
Thanks
Jeff